Parcast was a digital media firm and podcast network, that specialized in producing scripted podcasts and audio dramas. It was founded in 2016 by podcaster Max Cutler and his father Ron Cutler in Los Angeles California.[1]
In 2019, it was acquired by Sweden-based media firm and streaming service provider Spotify.[2] Spotify spent over $56 million to acquire Parcast; however, the total compensation has been reported to be over $100 million.[3][4] This makes the Parcast acquisition one of the largest podcasting platform mergers in US history and largest single acquisition deal of Spotify's $400 million acquisition program.[5] In September 2020, employees went public with their union drive at Parcast